Regulation & law · 30/04/20021 min read

Federal Acquisition Regulation; Revisions to Balance of Payments Program

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed on a final rule amending the Federal Acquisition Regulation to remove language related to the Balance of Payments Program, a program that helps the government track its spending on international transactions. This change aims to simplify the regulation and improve its clarity.